https://i.imgur.com/amm13zm.jpg 
# Ethereum Outperforms Bitcoin 

Good morning Lion’s I trust you are safe and well and enjoying your weekend and even more so the news that [Ethereum]( https://ethereum.org/en/) the worlds number 2 [Crypto Currency]( https://leofinance.io/@leoglossary/cryptocurrency) is pulling away from [Bitcoin]( https://leofinance.io/@leoglossary/leoglossary-bitcoin) and beginning to out perform the dominate decentralised token. 

This comes not long after a recent [article]( https://peakd.com/hive-167922/@melbourneswest/here-s-how-hive-blog) I published highlighting the issues ahead for Bitcoin in regards to it’s earning potential as mining the token begins to become none profitable at the current rate of increased energy costs and the upcoming [Bitcoin Halving]( https://leofinance.io/posts/@leoglossary/leoglossary-halving) event. Either Bitcoin will need to increase in value next year to cover the losses or there could be trouble emerging next year as it might find itself in a position where people won’t want to mine for it anymore. 

I did focus on how with the current calculations of mining a Bitcoin Vs energy costs and mining equipment, the profit margin for the token if you’re a US citizen is around USD 2 Dollars a day. Which is why it makes blogging on Hive a more profitable venture for exposure to Crypto Currency. The profitability of mining Bitcoin further reduces if you reside in another nation where energy costs are higher. You could find it cheaper to just purchase Bitcoin. 

 https://i.imgur.com/mKSNxS7.png 
[image source]( https://coinmarketcap.com/) 
# Ethereum Performance 
In something that hasn’t been seen in quite some time is the advancement of Ethereum which, Overtook Bitcoin in trading volume and it comes with some great excitement due to the ongoing narrative of “the flippining”. An event that is foreseen as to when Ethereum will one day exceed Bitcoin’s value. 

It is also something that hadn’t previously occurred that with the increased costs associated with mining Bitcoin that many people might start looking for other tokens to invest in. Whilst The Flippining often talks about Ehtereum Exceeding Bitcoin’s value it is often thought upon as Ethereum matching Bitcoin’s current price and exceeding it. IT has never been thought that perhaps Bitcoin’s value could decrease to the point that Ethereum is increasing. 

With increased costs of mining Bitcoin and Ethereum’s recent changes to [Proof of Stake]( https://leofinance.io/@leoglossary/leoglossary-proof-of-stake-pos) and the ongoing development on the chain this could potentially  be a realistic future. 

Ethereum’s network has a successful development community with many projects launching their own tokens for various different purposes. It’s easy of access to imbed [Non-Fungible-Tokens]( https://leofinance.io/@leoglossary/leoglossary-non-fungible-token-nft) and various other initiatives places it in prime position to take over future Crypto Currency work. 

 https://i.imgur.com/BJokQjC.jpg 
# Ethereum ETF to Launch
Although we could speculate on why Ethereum is beginning to rise in price the truth is always a  lot easier to make sense of. As always news seems to trigger a flow on effect of positive trading volume and 
Ethereum is no less susceptible to hype as the next coin and it appears in this situation it’s news that has go us to experience growth in the token with [VanEck]( https://www.vaneck.com.au/) announcing it will have an Ethereum STF available to institutional investors through the launch of an Ethereum ETF.

 https://i.imgur.com/5cGlSkW.png 
[image source]( https://x.com/vaneck_us/status/1707204049487958255?s=20)
# AI NEWS ADD

VanEck recently used an [AI]( https://x.com/vaneck_us/status/1707204049487958255?s=20) ad on X, formally known as Twitter to drive up FoMo resulting in large amounts of cash flowing into Ethereum. In the add the company asks people to HODL or “Fork Off’ an indication that they are going to be going hard into Ethereum. 

The ad resulted in many users commenting that they were excited for the opportunity and raised their support for the move into Ethereum ETFs. As we already know mainstream companies are required to old onto the amount of Crypto Currency they sell. I.e they can not oversell a digital asset. 

Community feedback has been positive with a few community members stating the ad was the worse they had seen and others raising concerns that this might open the Digital asset to Shorting attacks harming it’s progress. Overall, the general public seems in support of the venture. What the price impacts are. No one seems to know yet.

Either way, the move seems to be a positive step in the right direction and could potential see additional value added to decentralised token and we’re excited about it’s future potential. 

****What are your thoughts on the subject? Will the ETF continue to provide Ethereum with an alternative income stream as more people move to engage in new ways to derive income.****

**Image sources provided supplemented by Canva Pro Subscription. This is not financial advice and readers are advised to undertake their own research or seek professional financial services.**


Posted Using [LeoFinance Alpha](https://leofinance.io/@melbourneswest/ethereum-outperforms-bitcoin-)